LTCUSD Cost Basis observation
LTCUSD currently sitting under average cost basis for this market. Contrast this BTC and Doge where substantial volumes have been mined/transacted at much lower prices and earlier on in the history of the coin.
If a coin like Doge or BTC is substantially over the market's cost basis it means that volatility in many cases only affects a small portion of the market. That is estimated to be around 3-10% for Doge on a relative capitalisation basis.
It is my supposition that an LTC long trade is better placed after price exceeds and then retest average cost basis.
Moreover, it is my thinking that LTC could experience higher vol on breakeven trading etc., due to this effect.
If a coin like Doge or BTC is substantially over the market's cost basis it means that volatility in many cases only affects a small portion of the market. That is estimated to be around 3-10% for Doge on a relative capitalisation basis.
It is my supposition that an LTC long trade is better placed after price exceeds and then retest average cost basis.
Moreover, it is my thinking that LTC could experience higher vol on breakeven trading etc., due to this effect.
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